On October 29, Jupiter introduced Limit Order V2 — an updated trading system on the Solana blockchain. According to the team, the new version is suitable for both beginners and experienced traders.
The update gives more control: now you can set price levels more precisely, automatically open and close positions, and most importantly — do all this with enhanced privacy.
All orders in V2 are protected by a privacy mechanism to prevent frontrunning. The system keeps orders hidden until the trigger price is reached. Jupiter notes that this feature helps protect trading strategies from being copied and manipulated by other market participants.
Protection from MEV and frontrunning
Privacy in the new version addresses one of the main problems of decentralized exchanges: vulnerability to mempool attacks. Where other participants can see pending trades in advance, some bots and traders launch frontrunning. They place the same orders earlier, simply overpaying the fee.
As a result, the value of the trade goes to those who saw it in advance. In the V2 system of Jupiter such scenarios can be avoided: order information is hidden until execution. This does not completely eliminate the MEV problem, but it makes life much harder for those who profit from it.
New order types and convenient price setting
Now traders can place limit orders based on the token price in dollars or its market capitalization, no longer needing to manually recalculate rates or figure out pools. The system does all the necessary calculations itself.
Also in V2 the behavior of Buy Above and Stop Loss orders has been fixed. In the first version, such orders executed as market orders if their price was above or below the current one. Now they are activated only when the market actually reaches the specified level.
Advanced features for traders
The system now supports linked orders based on the One-Cancels-Other principle. This means you can now simultaneously set Take Profit and Stop Loss on one position, and as soon as one is triggered, the other is automatically canceled. This approach allows you to lock in profit and limit losses at the same time.
Also in V2 you can instantly edit active orders without canceling and resubmitting them. This allows you to react faster to market changes.
See also: 21Shares has filed for an ETF tracking the Hyperliquid token
The launch of V2 coincided with the expansion of the entire Jupiter ecosystem. The platform is partnering with Ethena Labs and plans to launch its own stablecoin JupUSD in 2025. Institutional interest in Solana is also growing. Western Union is preparing to launch its USDPT on this network, with the release expected by mid-2026.
